covered/uncovered interest rate parity

[sabina]

could someone pls explain to me these two, can’t seem to get my head around these two terms… thank you in advance

 

[S2000magician]

Look here:
covered interest rate parity vs. uncovered interest rate parity

 

[vicky_cool400]

Hi
just have a query
Does uncovered parity means forward rates = expected future spot rates ?

 

[cleverCFA]

vicky_cool400 wrote:
Hi
just have a query
Does uncovered parity means forward rates = expected future spot rates ?

aren’t the formulas different? One has the time exponent and the other has a days/360 convention.
Seems contradictory to forward rates calculated in derivs but at this point I’m just memorising and not questioning.